Just ensure that the projected rental income comfortably covers the new payments, including the HELOC.

For non-primary residences, they have to follow all of the following rules to receive a permit: - the property must be a minimum of one (1) acre in size (designed as a precaution to disturbances)- The building standards of the underlying zone district must be met - Adequate parking is provided - Defensible Space requirements are met - Valid water and sanitation must be demonstrated - No more than five (5) bedrooms are in the dwelling As time goes on, they continue to become more strict on the rules listed above here, and are actively regulating it.

The outside color of the house does not match my expectations for the inside design.

I'm a current NARPM member with both the RMP and MPM designations, as well as a member of IREM, where I'm currently working on my CPM.

I'm not comfortable with that, even though, according to the technicality I stated above, it's justified.If people need a property on August 1, they have to figure that out. 

We gutted the interior down to the cinder blocks, re-designed the unit layout to fit a more modern lifestyle.

Unfortunately, we live in California so we would have to pay significant capital gains if we sell.Hi Scott, depending on the property and if you’re willing to invest in quality interior design, you could make more money as an STR.

If you're okay with not having any of those, then hey, they're an amazing free option that your tenants will like.Landlord Software:  Software and platforms designed specifically for landlords and typically have more than just rent collection.-  Pro's:  Additional functionalities, such as tracking maintenance, automated bookkeeping, screening reports, etc. 

I've had the opportunity to see what the Attorney's version of the NoD looks like so if there was a situation where the borrower just needed their feet held to the fire and I didn't anticipate a need to go down the Foreclosure path, I feel comfortable sending an NoD letter myself, certified mail with noted stipulations to cure and outcome if not cured. 

It really comes down to what you are comfortable with.